Don't Send Me the Thousand, Just a Traditional Contribution, or a Wrath?

If you overcontributed last year and don't fix it, the penalty is six % on the over contribution v year, every year until you fix it. You're going to have to recharacterize that money as a trad contribution - which your custodian can't tell you if it's deductable traditional or not. The sooner you rip off the band-aid, the better for those of you that are already filing an amended tax return where you've got three weeks to do so.